And so does CDPHP

CDPHP today said it had a third-quarter net loss of $6.9 million, which compared to net income of $10.6 million for the same three months a year ago.

John Bennett, president and chief executive of the health insurer, noted that the non-profit has invested in technology and more affordable products. The company’s bottom line, he added, was hurt by higher-than-expected medical costs.

Membership at CDPHP is up. It had 413,216 members in the third quarter, an increase of nearly 11,000 members from a year ago. The company, headquartered in Albany, operates in Vermont and eastern New York.